I don’t, you have to trust a third party. It defeats whole purpose of holding gold. The biggest gold backed crypto keeps there gold at a government controlled storage place. It’s the worst of metals & crypto. Worst of crypto because ur trusting a third party to hold a physical item where whole point is crypto like bitcoin has value without third party risk, and worst of metals because ur trusting a third party who has agree to government regulations that allow government to have overwhelming power to halt it. U don’t hold it u don’t own it!
I think anything backed by gold works.
I don’t, you have to trust a third party. It defeats whole purpose of holding gold. The biggest gold backed crypto keeps there gold at a government controlled storage place. It’s the worst of metals & crypto. Worst of crypto because ur trusting a third party to hold a physical item where whole point is crypto like bitcoin has value without third party risk, and worst of metals because ur trusting a third party who has agree to government regulations that allow government to have overwhelming power to halt it. U don’t hold it u don’t own it!
I think that to trust you need to analyze, I have satochis, I have a cold wallet, so my trust is limited, it's the truth hahaha